Proportional Income - Agreement with Portugal

Proportional income

Article 17 of the Agreement provides that only a proportion of any Portuguese contributory benefit is to be assessed as income when calculating the rate of Australian pension paid overseas. This concessional treatment only applies when the person's Australian benefit is proportionalised ( See for the general method of working out proportional income.

Act reference: SS(IntAgree)Act Schedule 9 Portugal

Policy reference: SS Guide 10.1.9 Agreement Rate Calculations

Last reviewed: 9 November 2015